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dc.contributor.authorBloch, Harry
dc.contributor.authorMadsen, J.
dc.contributor.authorSapsford, D.
dc.contributor.editorChristian Seidl
dc.date.accessioned2017-01-30T13:41:01Z
dc.date.available2017-01-30T13:41:01Z
dc.date.created2009-07-23T20:01:39Z
dc.date.issued2009
dc.identifier.citationBloch, Harry and Madsen, Jakob and Sapsford, David. 2009. Trend and cycle in primary commodity prices: A neo-Schumpeterian interpretation, in Christian Seidl (ed), Neo-Schumpeterian economics: An agenda for the 21st century II, Jun 10 2009.Treste, Czech Republic: The Schumpeterian Society
dc.identifier.urihttp://hdl.handle.net/20.500.11937/34056
dc.description.abstract

This paper adapts Schumpeter's theory of economic development and the business cycle for the purpose of analysing movements in prices of primary commodities in both the short and long run. Schumpeter focuses his analysis on movements in prices of finished consumer goods, but he clearly recognizes that prices of primary products are both directly and indirectly affected by the same mechanism that drives finished goods prices. We extend Schumpeter's analysis by directly examining features of primary commodity production and consumption that are weakly developed by Schumpeter. We find that the extended analysis fits nicely to data on commodity prices over the period 1650 to 2008.

dc.publisherThe Schumpeterian Society
dc.subjectbusiness cycles
dc.subjectSchumpeter
dc.subjectstructural change
dc.subjectPrimary commodity prices
dc.subjectinnovation
dc.titleTrend and cycle in primary commodity prices: A neo-Schumpeterian interpretation
dc.typeConference Paper
dcterms.source.titlePapers presented - Neo-Schumpeterian economics: An agenda for the 21st century II
dcterms.source.seriesPapers presented - Neo-Schumpeterian economics: An agenda for the 21st century II
dcterms.source.conferenceNeo-Schumpeterian economics: An agenda for the 21st century II
dcterms.source.conference-start-dateJun 10 2009
dcterms.source.conferencelocationTreste, Czech Republic
dcterms.source.placeTreste, Czech Republic
curtin.note

The conference webpage is avaialble at : http://www.schumpeter.cz/konference/

curtin.accessStatusOpen access
curtin.facultyCurtin Business School
curtin.facultySchool of Economics and Finance


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